CVR Energy Inc. (NYSE:CVI) Receives Consensus Rating of “Strong Sell” from Brokerages

Shares of CVR Energy Inc. (NYSE:CVI) have earned an average rating of “Strong Sell” from the six research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.25.

Several brokerages have commented on CVI. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a research report on Thursday, October 9th. UBS Group set a $37.00 price target on shares of CVR Energy in a research note on Sunday, September 28th. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 29th. Finally, The Goldman Sachs Group lifted their target price on shares of CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a report on Wednesday, October 22nd.

CVR Energy Stock Up 9.6%

CVI stock opened at $25.06 on Thursday. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $41.67. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.28 and a beta of 1.14. The business’s 50 day moving average price is $29.33 and its two-hundred day moving average price is $31.17. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.28 and a current ratio of 1.96.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, October 29th. The oil and gas company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.20. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.82 billion. CVR Energy had a negative return on equity of 6.43% and a net margin of 2.26%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.50) EPS. As a group, analysts forecast that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

Several hedge funds have recently added to or reduced their stakes in CVI. Exchange Traded Concepts LLC bought a new position in CVR Energy in the 4th quarter worth about $47,000. Quarry LP bought a new stake in CVR Energy during the 3rd quarter valued at about $50,000. Raymond James Financial Inc. purchased a new position in CVR Energy in the second quarter worth about $53,000. BNP Paribas Financial Markets lifted its stake in shares of CVR Energy by 48.0% in the second quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock worth $98,000 after buying an additional 1,178 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of CVR Energy in the second quarter worth approximately $114,000. 98.88% of the stock is owned by institutional investors.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.